15 Figueroa StSanta Barbara, CA 93101

Property Details for 15 Figueroa St

Lot size

0.12 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

039-281-007

APU

39281007

Description

This exceptional 3,728 square foot ground-floor office suite is ideally located at 15 W Figueroa Street, Santa Barbara, CA 93101. The property, APN 039-281-007, offers a blend of private offices and an open collaborative workspace, perfect for a variety of businesses. Modern finishes are complemented by ample natural light throughout. The suite includes a convenient kitchenette and a dedicated conference room, enhancing productivity and collaboration. With 30 feet of frontage along Figueroa Street, the space boasts excellent visibility and accessibility. Convenient access is provided from a nearby city parking lot. This location offers unparalleled convenience, situated within walking distance of the vibrant State Street corridor, brimming with shops and restaurants. Nearby attractions include the Granada Theatre and the Santa Barbara County Courthouse. Furthermore, the property enjoys proximity to the beach, the Funk Zone, Cottage Hospital, the harbor, and Santa Barbara City College, making it an attractive location for employees and clients alike. The property is currently configured for multiple tenants. This is a rare opportunity to secure a high-profile office space in the heart of Santa Barbara.

• CAP approach

  CAP return

  Valuation

  6%

  $1,933,557

  6.5%

  $1,784,822

  7%

  $1,657,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,540,648

  Geo Method

  $1,540,648

• Alternative Use

  Use

  Valuation

  Residential

  $1,784,822

  Hospitality

  $1,634,887

  Educational

  $1,360,207

  Medical

  $1,406,987

  Retail

  $2,115,878

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4217

Longitude

-119.703

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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